Royal Gold (NASDAQ:RGLD) (TSE:RGL) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.

Several other research analysts have also recently commented on the stock. Eight Capital reiterated a “neutral” rating on shares of Royal Gold in a report on Thursday, November 16th. BMO Capital Markets set a $105.00 price objective on shares of Royal Gold and gave the stock a “buy” rating in a research report on Tuesday, November 14th. TheStreet upgraded shares of Royal Gold from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. B. Riley restated a “neutral” rating on shares of Royal Gold in a research report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $95.61.

Royal Gold (NASDAQ:RGLD) traded up $0.14 during midday trading on Friday, reaching $82.86. 448,269 shares of the company’s stock traded hands, compared to its average volume of 373,437. The company has a quick ratio of 3.73, a current ratio of 3.92 and a debt-to-equity ratio of 0.23. Royal Gold has a 12 month low of $60.21 and a 12 month high of $94.39. The firm has a market cap of $5,414.38, a PE ratio of 56.27, a PEG ratio of 4.69 and a beta of 0.47.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.37 by $0.07. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The company had revenue of $112.50 million during the quarter, compared to analysts’ expectations of $112.43 million. During the same quarter in the previous year, the business posted $0.46 EPS. The firm’s revenue was down 4.7% on a year-over-year basis. sell-side analysts predict that Royal Gold will post 1.76 earnings per share for the current year.

In other news, CFO Stefan Wenger sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.12% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its position in Royal Gold by 49.0% in the 2nd quarter. American Century Companies Inc. now owns 142,521 shares of the basic materials company’s stock valued at $11,141,000 after purchasing an additional 46,900 shares during the last quarter. Flinton Capital Management LLC raised its position in Royal Gold by 72.8% in the 2nd quarter. Flinton Capital Management LLC now owns 6,052 shares of the basic materials company’s stock valued at $473,000 after purchasing an additional 2,550 shares during the last quarter. Sprott Inc. raised its position in Royal Gold by 4.3% in the 3rd quarter. Sprott Inc. now owns 32,797 shares of the basic materials company’s stock valued at $2,822,000 after purchasing an additional 1,359 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Royal Gold by 70.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 24,664 shares of the basic materials company’s stock valued at $1,928,000 after purchasing an additional 10,222 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Royal Gold by 4.2% in the 2nd quarter. Principal Financial Group Inc. now owns 294,652 shares of the basic materials company’s stock valued at $23,033,000 after purchasing an additional 11,795 shares during the last quarter. Hedge funds and other institutional investors own 72.02% of the company’s stock.

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Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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